Sensient Technologies Stock (NYSE:SXT), Trade Ideas

Sensient Technologies

Sensient Technologies Corp manufactures and markets natural and synthetic colors, flavors, and other specialty ingredients. The company has a widespread network of facilities around the globe, and its customers operate across a variety of end markets. Sensient's offerings are predominantly applied to consumer-facing products, including food and beverage, cosmetics and pharmaceuticals, nutraceuticals, and personal care industries. The company's principal products are flavors, flavor enhancers, ingredients, extracts, and bionutrients, essential oils, dehydrated vegetables and other food ingredients, natural and synthetic food and beverage colors, and others. The company's three reportable segments were the Flavors & Extracts Group, the Color Group, and the Asia Pacific Group.

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Shares of  Take-Two Interactive Software, Inc.  (NASDAQ: TTWO) fell sharply during Friday’s session following third-quarter results.

Why Take-Two Interactive Software Shares Are Trading Lower By Around 9%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

Short Ideas

Insider Trades

Pre-Market Outlook

FSLY

The Nasdaq 100 closed higher by around 1% on Tuesday. Investors, meanwhile, focused on some notable insider trades.

Hershey, Fastly And 2 Other Stocks Insiders Are Selling

CENX

CTKB

ITOS

METC

OLMA

SAVA

SMMT

TNGX

U.S. stocks traded lower, with the Dow Jones falling around 50 points on Tuesday. Here are some big stocks recording gains in today’s session.

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Sensient Technologies Corporation Common Stock

Sensient Technologies Corp

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60 Degrees Pharmaceuticals, Inc. - Warrant

Guidance

Sensient Technologies Reiterates FY24 Diluted Earnings Per Share Of $2.80-$2.90 Vs. $2.98 Estimate, Projects Revenue To Grow At Mid-Single-Digit Rate On Local Currency Basis

Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>) reported quarterly earnings of $0.79 per share which beat the analyst consensus estimate of $0.70 by 12.86 percent. This is a 1.25 percent decrease over earnings of $0.80 per share from the same period last year. The company reported quarterly sales of $384.67 million which beat the analyst consensus estimate of $367.80 million by 4.59 percent. This is a 4.24 percent increase over sales of $369.01 million the same period last year.

Earnings

Earnings Beats

Sensient Technologies Q1 Adj $0.79 Beats $0.70 Estimate, Sales $384.67M Beat $367.80M Estimate

Shares of Take-Two Interactive Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttwo#NASDAQ">TTWO</a>) fell sharply during Friday&rsquo;s session following third-quarter results.
Take-Two reported third-quarter total net bookings of $1.34 billion, down 3% year-over-year. The company also revised its 2024 net bookings forecast to $5.25 billion and $5.3 billion, down from $5.45 billion and $5.55 billion earlier.
Take-Two Interactive Software shares dipped 8.8% to $154.69 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Sunworks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sunw#NASDAQ">SUNW</a>) shares jumped 267% to $0.1990. Sunworks and three subsidiaries recently made the decision to cease operations and filed for Chapter 7 bankruptcy in the United States Bankruptcy Court for the District of Delaware.</li>
<li>TOP Financial Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/top#NASDAQ">TOP</a>) gained 87.55% to $6.13.</li>
<li>NanoString Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nstg#NASDAQ">NSTG</a>) shares climbed 66% to $0.1932 after the company disclosed completion of financing to support restructuring process.</li>
<li>Intelligent Bio Solutions Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inbs#NASDAQ">INBS</a>) jumped 47.3% to $4.24 following second-quarter results.</li>
<li>TC Biopharm (Holdings) Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcbp#NASDAQ">TCBP</a>) shares climbed 46% to $1.6099 after jumping over 16% on Thursday.</li>
<li>Intelligent Living Application Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ilag#NASDAQ">ILAG</a>) gained 45.5% to $0.6851 after surging around 24% on Thursday.</li>
<li>Green Giant Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gge#NASDAQ">GGE</a>) shares rose 44.4% to $0.0535 after gaining 25% on Thursday.</li>
<li>Better Choice Company Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bttr#NYSE">BTTR</a>) gained 35% to $0.2379. Better Choice acquired Aimia Pet Healthco.</li>
<li>Masonite International Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/door#NYSE">DOOR</a>) surged 34.5% to $129.99 after Owens Corning announced it will acquire the company for $3.9 billion.</li>
<li>Cloudflare, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/net#NYSE">NET</a>) rose 23.5% to $111.49 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) shares gained 22% to $12.81 after the company reported a year-over-year increase in first-quarter GAAP EPS and better-than-expected sales results.</li>
<li>Centessa Pharmaceuticals plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnta#NASDAQ">CNTA</a>) climbed 20.5% to $8.99. Centessa Pharmaceuticals will present additional 52-weeks continuous treatment data from third year ongoing Phase 2a study of SerpinPC for treatment of hemophilia at 17th Annual Congress of European Association for Haemophilia and Allied Disorders.</li>
<li>IGM Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/igms#NASDAQ">IGMS</a>) gained 19.2% to $15.44.</li>
<li>Streamline Health Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strm#NASDAQ">STRM</a>) rose 18.8% to $0.4814.</li>
<li>Natural Grocers by Vitamin Cottage, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ngvc#NYSE">NGVC</a>) gained 18.2% to $17.51 following quarterly results.</li>
<li>Soho House &amp; Co Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shco#NYSE">SHCO</a>) rose 15.7% to $5.79. Soho House announced its board evaluated certain strategic transactions in the fall of 2023.</li>
<li>Iris Energy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iren#NASDAQ">IREN</a>) gained 13.1% to $5.77.</li>
<li>Matrix Service Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtrx#NASDAQ">MTRX</a>) rose 13.1% to $12.82.</li>
<li>Terns Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tern#NASDAQ">TERN</a>) gained 12.6% to $7.07.</li>
<li>Central Garden &amp; Pet Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cent#NASDAQ">CENT</a>) rose 10.4% to $43.03. Central Garden &amp; Pet reported better-than-expected first-quarter financial results.</li>
<li>Impinj, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pi#NASDAQ">PI</a>) gained 10.2% to $117.18 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Ocular Therapeutix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocul#NASDAQ">OCUL</a>) rose 8.2% to $5.44. B of A Securities analyst Tazeen Ahmad initiated coverage on Ocular Therapeutix with a Buy rating and announced a price target of $15.</li>
<li>Mueller Water Products, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mwa#NYSE">MWA</a>) gained 8% to $14.99 following upbeat results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Synlogic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sybx#NASDAQ">SYBX</a>) fell 53.3% to $1.61 after the company announced it will discontinue Synpheny-3, cease operations and reduce its workforce by more than 90%.</li>
<li>The Children&#39;s Place, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plce#NASDAQ">PLCE</a>) shares fell 52.7% to $9.34 after the company said it expects fourth-quarter net sales to be roughly $454 million to $456 million, versus its prior guidance of $460 million to $465 million, and below the estimate of $462.88 million.</li>
<li>BioXcel Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btai#NASDAQ">BTAI</a>) fell 33.7% to $2.4882 after the company announced a proposed public offering.</li>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) declined 33.5% to $8.62.</li>
<li>EMCORE Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/emkr#NASDAQ">EMKR</a>) fell 32% to $0.4275 after posting weak quarterly results.</li>
<li>MicroAlgo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlgo#NASDAQ">MLGO</a>) declined 31% to $0.7172.</li>
<li>Renalytix Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnlx#NASDAQ">RNLX</a>) shares fell 30% to $0.3791 after climbing over 96% on Thursday.</li>
<li>Lantronix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ltrx#NASDAQ">LTRX</a>) fell 28.8% to $4.1350 following weak sales.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) shares declined 27.4% to $20.81 after jumping over 59% on Thursday. The company announced it planned to join the Communications Industry Association. HOLO intends to join the Communications Industry Association to foster information technology innovation.</li>
<li>eGain Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egan#NASDAQ">EGAN</a>) fell 24.4% to $5.77 following second-quarter results.</li>
<li>AMC Networks Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amcx#NASDAQ">AMCX</a>) declined 19.1% to $13.78 following weak earnings.</li>
<li>Virco Mfg. Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virc#NASDAQ">VIRC</a>) dipped 18.6% to $9.48.</li>
<li>Expedia Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/expe#NASDAQ">EXPE</a>) declined 17.6% to $131.38 after the company reported fourth-quarter financial results and named Ariane Gorin as CEO.</li>
<li>Adlai Nortye Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anl#NASDAQ">ANL</a>) fell 12.3% to $7.50.</li>
<li>Newell Brands Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nwl#NASDAQ">NWL</a>) declined 11.8% to $7.45 following quarterly results.</li>
<li>Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) shares declined 11.4% to $36.07. Pinterest reported upbeat earnings for its fourth quarter, while sales missed estimates. The company said it sees first-quarter revenue in the range of $690 million to $705 million versus estimates of $702.36 million.</li>
<li>BILL Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bill#NYSE">BILL</a>) fell 11% to $67.40 following quarterly results.</li>
<li>Affirm Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>) shares fell 10.6% to $43.98 after the company reported second-quarter financial results.</li>
<li>IBEX Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibex#NASDAQ">IBEX</a>) fell 10.2% to $15.61.</li>
<li>Sensient Technologies Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sxt#NYSE">SXT</a>) fell 9.6% to $56.62 following weak earnings.</li>
<li>Owens Corning (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oc#NYSE">OC</a>) fell 6.9% to $148.43 after the company announced an agreement to acquire Masonite for $3.9 billion.</li>
<li>Magna International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mga#NYSE">MGA</a>) declined 6.5% to $54.89 after the company reported mixed quarterly results.</li>
<li>Illumina, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ilmn#NASDAQ">ILMN</a>) shares declined 2.7% to $139.45 following fourth-quarter results.</li>
</ul>
&nbsp;
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Why Take-Two Interactive Software Shares Are Trading Lower By Around 9%? Here Are Other Stocks Moving In Friday's Mid-Day Session

WIIM

Sensient Technologies shares are trading lower after the company reported worse-than-expected Q4 financial results.

Sensient Technologies Expects 2024 Revenue, Adjusted EBITDA And Adjusted EPS To Grow At Low-To-Mid Single-Digit Rate On Local Currency Basis

Management

Sensient Technologies' Senior Vice President And CFO Stephen Rolfs Intends To Retire Effective June 30, 2024; Tobin Tornehl To Be Named CFO Upon Rolfs' Retirement

Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>) reported quarterly Adj earnings of $0.51 per share which missed the analyst consensus estimate of $0.55 by 7.27 percent. This is a 20.31 percent decrease over earnings of $0.64 per share from the same period last year. The company reported quarterly sales of $349.30 million which missed the analyst consensus estimate of $371.00 million by 5.85 percent. This is a 0.16 percent increase over sales of $348.74 million the same period last year.

Sensient Technologies Q4 Adj EPS $0.51 Misses $0.55 Estimate, Sales $349.30M Miss $371.00M Estimate

Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-09. Here's what investors need to know before the announcement.
Analysts estimate that Sensient Technologies will report an earnings per share (EPS) of $0.55. 
Sensient Technologies bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Sensient Technologies's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.75</td>
<td>0.88</td>
<td>0.78</td>
<td>0.70</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.75</td>
<td>0.81</td>
<td>0.80</td>
<td>0.64</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.47%</td>
<td>-5.74%</td>
<td>1.03%</td>
<td>2.22%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707404441_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Sensient Technologies were trading at $63.06 as of February 07. Over the last 52-week period, shares are down 14.9%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/SXT/earnings">To track all earnings releases for Sensient Technologies visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Sensient Technologies

Friday marks the last chance for investors to receive the next dividend payout from Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>). 
<h3>What's Happening</h3>
The company announced on Friday that it would pay shareholders a quarterly dividend of 41 cents per share. On Monday, Sensient Technologies will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 41 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own SXT as of the end of Friday's session are eligible to receive the 41 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 01, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Sensient Technologies's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Friday Is Your Last Chance To Buy Sensient Technologies Before The Dividend Payout

Craig Mitchell, President at Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>), reported a large insider sell on October 24, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000310142/000112760223026202//Archives/edgar/data/310142/000112760223026202/0001127602-23-026202-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that Mitchell sold 2,608 shares of Sensient Technologies. The total transaction amounted to $149,673. 
Sensient Technologies shares are trading down 0.0% at $55.95 at the time of this writing on Wednesday morning.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000310142">Check Out The Full List Of Sensient Technologies's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Sensient Technologies President Trades Company's Stock

The Nasdaq 100 closed higher by around 1% on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Hershey </h3>
<ul>
<li>The Trade: The Hershey Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hsy#NYSE">HSY</a>) SVP, Chief Financial Officer Steven E Voskuil <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 1,500 shares </a> at an average price of $190.55. The insider received around $285,825 from selling those shares.</li>
<li>What&rsquo;s Happening: B of A Securities recently maintained Hershey with a Buy and lowered the price target from $300 to $250.</li>
<li>What Hershey Does: Hershey is a leading confectionery manufacturer in the U.S. (around a $25 billion market), controlling around 45% of the domestic chocolate space (per IRI).</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Fastly</h3>
<ul>
<li>The Trade: Fastly, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsly#NYSE">FSLY</a>) Executive Vice President, CRO Brett Shirk <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 7,000 shares </a> at an average price of $14.60. The insider received around $102,200 from selling those shares.</li>
<li>What&rsquo;s Happening: Fastly is expected to release financial results for the third quarter of 2023 on Nov. 1, 2023.</li>
<li>What Fastly Does: Fastly operates a content delivery network, which is necessary for entities to provide faster and more reliable online content.</li>
</ul>
<h3>Sensient Technologies </h3>
<ul>
<li>The Trade: Sensient Technologies Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sxt#NYSE">SXT</a>) President, Flavors Group Craig Mitchell <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 2,608 shares </a> at an average price of $57.39. The insider received around $149,673 from selling those shares.</li>
<li>What&rsquo;s Happening: Sensient Technologies posted in-line earnings for the third quarter.</li>
<li>What Sensient Technologies Does: Sensient Technologies Corp manufactures and markets natural and synthetic colors, flavors, and other specialty ingredients.</li>
</ul>
<h3>Accenture </h3>
<ul>
<li>The Trade: Accenture plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acn#NYSE">ACN</a>) General Counsel/Corp Secretary Joel Unruch <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 3,251 shares </a> at an average price of $297.00. The insider received around $965,561 from selling those shares.</li>
<li>What&rsquo;s Happening: The company recently posted better-than-expected second-quarter results.</li>
<li>What Accenture Does: Accenture said it acquired cybersecurity services company MNEMO Mexico.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/23/10/35410635/alphabet-texas-instruments-costar-group-and-other-big-stocks-moving-lower-in-wednesdays-pre-market-s"> Alphabet, Texas Instruments, CoStar Group And Other Big Stocks Moving Lower In Wednesday&#39;s Pre-Market Session </a>

<h3>Companies Reporting Before The Bell</h3>
&bull; Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $94.82 million.
&bull; World Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRLD#NASDAQ">WRLD</a>) is likely to report quarterly earnings at $1.77 per share on revenue of $135.86 million.
&bull; American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) is projected to report quarterly earnings at $2.94 per share on revenue of $15.36 billion.
&bull; Interpublic Gr of Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $2.38 billion.
&bull; First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $204.81 million.
&bull; Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) is likely to report quarterly earnings at $1.69 per share on revenue of $878.71 million.
&bull; Autoliv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) is projected to report quarterly earnings at $1.84 per share on revenue of $2.64 billion.
&bull; Euronet Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEFT#NASDAQ">EEFT</a>) is estimated to report quarterly earnings at $2.70 per share on revenue of $983.96 million.
&bull; Sify Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) is estimated to report earnings for its second quarter.
&bull; SLB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $8.33 billion.
&bull; OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) is likely to report quarterly earnings at $0.94 per share on revenue of $156.56 million.
&bull; Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) is expected to report quarterly earnings at $0.32 per share on revenue of $1.82 billion.
&bull; Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $371.80 million.
&bull; Regions Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $1.89 billion.
<h3>&nbsp;</h3>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

BHLB

EEFT

HBAN

SIFY

WRLD

Earnings Scheduled For October 20, 2023

2023&nbsp;OUTLOOK
Sensient now expects 2023 full year GAAP diluted earnings per share to be down low double digits compared to our 2022 reported GAAP diluted earnings per share of&nbsp;$3.34&nbsp;and also on a local currency basis compared to our 2022 adjusted diluted earnings per share(1)&nbsp;of&nbsp;$3.29. The Company&#39;s previous 2023 full year GAAP diluted earnings per share&nbsp;guidance&nbsp;was for GAAP diluted earnings per share to be down high single digits compared to our 2022 reported GAAP diluted earnings per share and on a local currency basis compared to our 2022 adjusted diluted earnings per share(1).
The Company now expects 2023 revenue to grow at a low single-digit rate on a local currency basis compared to the Company&#39;s 2022 revenue. The Company&#39;s previous 2023 revenue&nbsp;guidance&nbsp;was for a mid-single-digit growth rate on a local currency basis compared to the Company&#39;s 2022 revenue. The Company continues to expect its 2023 adjusted EBITDA(1)&nbsp;to be down mid-single digits on a local currency basis compared to the Company&#39;s 2022 adjusted EBITDA(1).
The Company expects its 2023 diluted earnings per share to be impacted by higher interest rates and a higher tax rate. Based on current exchange rates, the Company expects foreign exchange rates to be modestly favorable for the full year.

Sensient Technologies Expects FY23 GAAP EPS To Be Down Low Double Digits YoY; Sees Revenue Growth At A Low Single-Digit Rate

Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>) reported quarterly earnings of $0.75 per share which met the analyst consensus estimate. This is a 11.76 percent decrease over earnings of $0.85 per share from the same period last year. The company reported quarterly sales of $363.80 million which missed the analyst consensus estimate of $371.80 million by 2.15 percent. This is a 0.75 percent increase over sales of $361.08 million the same period last year.

Sensient Technologies Q3 EPS $0.75, Inline, Sales $363.80M Miss $371.80M Estimate

Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>) is set to give its latest quarterly earnings report on Friday, 2023-10-20. Here's what investors need to know before the announcement.
Analysts estimate that Sensient Technologies will report an earnings per share (EPS) of $0.75. 
Sensient Technologies bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.07, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Sensient Technologies's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.88</td>
<td>0.78</td>
<td>0.70</td>
<td>0.82</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.81</td>
<td>0.80</td>
<td>0.64</td>
<td>0.85</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.74%</td>
<td>1.03%</td>
<td>2.22%</td>
<td>-1.26%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1697724083_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Sensient Technologies were trading at $56.17 as of October 18. Over the last 52-week period, shares are down 18.65%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/SXT/earnings">To track all earnings releases for Sensient Technologies visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Sensient Technologies's Earnings

U.S. stocks traded lower, with the Dow Jones falling around 50 points on Tuesday. Here are some big stocks recording gains in today&rsquo;s session.
<ul>
<li>Olink Holding AB (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/olk#NASDAQ">OLK</a>) shares rose 65.8% to $24.84 after Thermo Fisher Scientific announced it would acquire the company.</li>
<li>Ramaco Resources, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/metc#NASDAQ">METC</a>) jumped 20.2% to $11.73.</li>
<li>Summit Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smmt#NASDAQ">SMMT</a>) surged 16% to $2.03.</li>
<li>iTeos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/itos#NASDAQ">ITOS</a>) climbed 12.8% to $9.77.</li>
<li>Wyndham Hotels &amp; Resorts, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wh#NYSE">WH</a>) gained 11.2% to $76.83 after Choice Hotels proposed to acquire the company for $90.00 per share, payable in a mix of cash and stock.</li>
<li>Cassava Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sava#NASDAQ">SAVA</a>) rose 10.4% to $13.97.</li>
<li>V.F. Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vfc#NYSE">VFC</a>) rose 13.4% to $18.37. Engaged Capital has built a big stake in VF Corp, according to The Wall Street Journal.</li>
<li>Cytek Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ctkb#NASDAQ">CTKB</a>) climbed 8.6% to $5.24.</li>
<li>Century Aluminum Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cenx#NASDAQ">CENX</a>) rose 8.3% to $7.12.</li>
<li>EHang Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eh#NYSE">EH</a>) rose 7.8% to $20.73.</li>
<li>Under Armour, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uaa#NYSE">UAA</a>) gained 7.3% to $7.51.</li>
<li>Sensient Technologies Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sxt#NYSE">SXT</a>) jumped 6.7% to $57.02 after Baird upgraded the stock from Neutral to Outperform.</li>
<li>Tango Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tngx#NASDAQ">TNGX</a>) rose 6.8% to $6.96.</li>
<li>Olema Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/olma#NASDAQ">OLMA</a>) gained 5.5% to $11.12.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/23/10/35285218/top-4-industrials-stocks-you-may-want-to-dump-in-q4"> Top 4 Industrials Stocks You May Want To Dump In Q4</a>

Wyndham Hotels & Resorts, Olink Holding And Other Big Stocks Moving Higher On Tuesday

Upgrades

Downgrades

Initiation

Analyst Ratings

ACAD

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ALDX

ALKS

AMEH

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BLUE

COTY

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DLTR

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EDIT

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Benzinga's Top Ratings Upgrades, Downgrades For October 17, 2023

Sensient Technologies shares are trading higher after Baird upgraded the stock from Neutral to Outperform.

Baird analyst Ghansham Panjabi upgrades Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>) from Neutral to Outperform and announces $70 price target.

Price Target

Baird Upgrades Sensient Technologies to Outperform, Announces $70 Price Target

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30.</a>
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Origin Materials, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/orgn#NASDAQ">ORGN</a>)</h3>
<ul>
<li>The company recently announced the appointment of a new CFO. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/ORGN">52-week low of $0.86 </a>.</li>
<li>RSI Value: 24.63</li>
<li>ORGN Price Action: Shares of Origin Materials gained 8.9% to close at $0.9682 on Tuesday.</li>
</ul>
<h3>O-I Glass, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oi#NYSE">OI</a>)</h3>
<ul>
<li>O-I Glass posted better-than-expected second-quarter results. &ldquo;We are pleased to report strong second quarter performance, which exceeded guidance, as O-I continued to execute well amid more challenging macro conditions,&rdquo; said Andres Lopez, O-I Glass CEO. It <a href="https://www.benzinga.com/quote/OI"> has a 52-week low </a> of $14.04.</li>
<li>RSI Value: 25.32</li>
<li>OI Price Action: Shares of O-I Glass rose 0.1% to close at $15.73 on Tuesday.</li>
</ul>
<h3>Stepan Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/scl#NYSE">SCL</a>)</h3>
<ul>
<li>Stepan posted downbeat quarterly results. &quot;Looking forward, we continue to believe second half of the year volume and margins will incrementally improve versus the first half of 2023, driven by the continued gradual recovery in Rigid Polyol demand, growth in Surfactant volumes associated with new contracted business and sequentially lower raw material costs,&quot; said Scott Behrens, President and Chief Executive Officer. The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/SCL"> low of $67.82.</a></li>
<li>RSI Value: 22.26</li>
<li>SCL Price Action: Shares of Stepan gained 0.4% to close at $68.21 on Tuesday.</li>
</ul>
<h3>Perimeter Solutions, SA (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prm#NYSE">PRM</a>)</h3>
<ul>
<li>Perlimeter Solutions reported better-than-expected second-quarter financial results. CEO Haitham Khouri commented, &ldquo;Our key end-markets, in both our Fire Safety and Specialty Products businesses, were slow in the second quarter. Both our businesses significantly outperformed their end-markets, however, due primarily to successful implementation of our value-driver initiatives.&rdquo; The company&rsquo;s 52-week low is $3.6750.</li>
<li>RSI Value: 20.48</li>
<li>PRM Price Action: Shares of Perimeter Solutions gained 2.1% to close at $3.87 on Tuesday.</li>
</ul>
<h3>Sensient Technologies Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sxt#NYSE">SXT</a>)</h3>
<ul>
<li>Sensient Technologies is expected to report third quarter results on Oct. 20, 2023. The company <a href="https://www.benzinga.com/quote/SXT"> has a 52-week low </a> of $55.61.</li>
<li>RSI Value: 28.53</li>
<li>SXT Price Action: Shares of Sensient Technologies gained 1% to close at $56.27 on Tuesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/10/35183282/azz-richardson-electronics-and-3-stocks-to-watch-heading-into-wednesday"> AZZ, Richardson Electronics And 3 Stocks To Watch Heading Into Wednesday </a>

Long Ideas

ORGN

Top 5 Materials Stocks That Are Preparing To Pump In October

There's a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Sensient Technologies (SXT – Research Report), Axalta...

Analysts Offer Insights on Materials Companies: Sensient Technologies (SXT), Axalta Coating Systems (AXTA) and Corning (GLW)

Warning: SXT is at high risk of performing badly

Sensient Technologies: Fundamentals Don't Support Recent Rally

25 GDP-sensitive Small-Cap stocks with low refinancing risk - BofA

Notable earnings before Friday's open

Sensient Technologies Q1 2024 Earnings Preview

Sensient Technologies declares $0.41 dividend

Sensient Technologies beats top-line and bottom-line estimates; updates FY24 outlook

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Sensient Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/sxt-stock-quote/">SXT</a>) just reported results for the first quarter of 2024.<ul><li>Sensient Technologies reported earnings per share of 79 cents. This was above the analyst estimate for EPS of 70 cents.</li><li>The company reported revenue of $384.67 million.</li><li>This was 4.59% better than the analyst estimate for revenue of $367.80 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/sxt-stock-earnings-sensient-technologies-for-q1-of-2024/">SXT Stock Earnings: Sensient Technologies Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.